Corporate debt recast package finalised
THE Government and the Reserve Bank of India (RBI) have finalised the corporate debt restructuring (CDR) system under which a Rs 20-crore floor limit has been set for aggregate exposure of banks and financial institutions (FI) for a corporate to be enter tained for restructuring.

Tata Steel Q1 net falls 80 pc on slowdown
TATA Steel has ended the first quarter of 2001-2002 with an 80 per cent decline in net profit at Rs 20.80 crore as compared to Rs 101.40 crore in the year-ago period.

Colgate Palmolive to pay special dividend
COLGATE Palmolive (India) Ltd today announced a special one-time dividend of Rs 4.75 per share.

Banks promise support to UTI
EIGHT large nationalised banks have assured liquidity support to Unit Trust of India (UTI) to tide over the redemption pressure on US-64.

Maars Software merger with Mascon Global off
THE proposed merger between of the Chennai-based Maars Software International Ltd and Mascon Global Ltd has been called off.

Dabhol files SLP in apex court
DABHOL Power Company (DPC) today filed a Special Leave Petition (SLP) in the Supreme Court challenging the jurisdiction of the Maharashtra Electricity Regulatory Commission (MERC) to resolve its dispute with the State electricity board, DPC spokesperson has confirmed.

Spectrum pricing -- DoT challenges jurisdiction of appellate tribunal
THE Department of Telecommunications (DoT) has challenged the jurisdiction of the Telecom Dispute Settlement Appellate Tribunal (TDSAT) on matters relating to the spectrum charges.

Zee goes interactive to hog frame
TIRED of all the game shows. Go for the interactives which now are set to become a reality. Come August and Zee's brand new interactive show `Aap Jo Bole Hai To Hai, Aap Jo Bole Naa To Naa' will go on air, in a bid to give rivals Star and Sony a run for their money.

David come to town
`Goli' soda, the bottled drink with a marble stopper, for long a rural favourite, is increasingly seen at Bangalore street corners holding its own against the onslaught of majors such as Cola-Cola, Pepsi. Priced at Rs 3, it is offered as an instant conco ction of wholesome herbs such as ginger, pepper, fresh lime etc.

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